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Why in the news? Global EV sales were 14 million in 2023, but adoption rates are lower than needed for climate goals. Major EV markets: China, Europe, and the US, account for 95% of sales. Countries like Norway and Sweden show high EV adoption, while others lag. India’s EV Strategy: India’s EV sales are growing …
Read MoreWhy in the news? The Mumbai court’s decision highlights the significance of procedural safeguards under PMLA, challenging the Enforcement Directorate’s arrest procedures. source:toi About Directorate of Enforcement (ED): Function: Investigates money laundering and foreign exchange law violations under the Department of Revenue, Ministry of Finance. Structure: Headquartered in New Delhi; led by Director, with regional …
Read MoreWhy in the news? Leftist parties face a crisis due to shifts in the traditional working-class base and a move towards educated elites. Recent election losses in the UK and France reflect diminished appeal. US Democrats struggle with falling approval ratings and competition from right-wing populism. Necessary Changes: Need to reconnect with working-class voters by …
Read MoreWhy in the news? Indian exporters face higher freight costs, increasing working capital needs and impacting profit margins, particularly hurting small businesses. source:wordpress About Rising Freight Costs: Fourfold Increase: Recent container freight rates have surged fourfold, significantly impacting Indian exporters’ profit margins. Working Capital Strain: Increased freight costs are raising working capital requirements, particularly affecting …
Read MoreWhy in the news? Quad nations expand maritime partnership to the Indian Ocean, call for global peace in the Ukraine, Gaza, and Myanmar crises. source:researchgate About Indo-Pacific Maritime Domain Awareness (IPMDA): Launched at 2022 Quad Leaders’ Summit in Tokyo. Track “dark shipping” and improve maritime visibility. Scope: Integrates Pacific Islands, Southeast Asia, and Indian Ocean …
Read MoreWhy in the news? Telangana faces a severe drug problem, with Hyderabad as a key transit hub. Officials aim to target suppliers, not users. source:toi Government Actions: High-Profile Busts: Telangana recently uncovered a major international drug ring and seized ₹8 crore worth of synthetic drugs. Focus and Concerns Targeting Producers: Home Minister Amit Shah emphasised …
Read MoreWhy in the news? A rocket attack in the Israeli-occupied Golan Heights killed 12 people, escalating tensions between Israel and Hezbollah. Hezbollah denied involvement in the attack, but the group’s attacks have intensified in response to Israeli actions in Gaza. Israel plans a strong retaliation against Hezbollah, which is backed by Iran. source:lotusrise About Conflict …
Read MoreWhy in the news? The new internship programme announced in the Union Budget by Finance Minister Nirmala Sitharaman is anticipated to benefit both sectors. Debjani Ghosh (Nasscom) and B.V.R. Mohan Reddy (IIT-Roorkee & IIT-Hyderabad) praised the initiative as mutually advantageous for industry and academia. Ghosh emphasised the importance of internships for sustainable growth, job creation, …
Read MoreWhy in the news? RBI report highlights digitalisation’s benefits and risks, including impulsive spending, data breaches, and cross-border payment system integration. source:hindustanbussinessline Cross-Border Payment Systems RBI’s UPI integrated with Singapore’s PayNow for faster remittances. RBI and Central Bank of UAE signed MoU for interlinking UPI with UAE’s Instant Payment Platform. Project Nexus: Multilateral initiative linking …
Read MoreWhy in the news? Indian scientists develop a precise CRISPR system using FnCas9, showing improved genome editing and potential for affordable therapeutics. source:medium About Enhanced CRISPR System with FnCas9: CSIR-IGIB and L.V. Prasad Eye Institute developed a precise genome-editing system using FnCas9 enzyme. FnCas9 edits genomes more efficiently with fewer off-target effects compared to SpCas9. …
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